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Klarna founder launches new ‘Nobel Prize for Impact’ – londonbusinessblog.com

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According to BCG global assets under management are about $100 trillion, but only $715 billion, or less than 1%deals with what you might call ‘impact’ on companies or projects to tackle the world’s biggest environmental and social problems.

Now a Klarna founder plans to create what he calls a “Nobel Prize for Impact.” Niklas Adalberth co-founded Klarna in 2005, but left in 2015 and founded the Norrsken Foundation in 2016, contributing $20 million to its launch and another $62 million in 2017.

The organization’s new initiative is now called “Norrsken Impact100,” an annual list of “the world’s most promising impact companies” to shed light on founders working in this space.

The companies that make the final 100 (announced this month) will be nominated by several partner organizations, including the Obama Foundation, Softbank Investment Advisers, World Fund, Katapult, BMW Foundation, Leaps by Bayer, Summa Equity and several others.

In a statement, Adalberth said, “We believe entrepreneurs who build rapidly scalable businesses are our best bet to solve the world’s toughest and biggest problems… Unicorns are typically companies valued at over $1 billion, but we want to recognize potential impact unicorns – which will positively impact 1 billion people.”

The Impact 100 will be judged by a panel consisting of Adalberth, as well as Ulrika Modéer, UN Deputy Secretary-General; Matt Miller, Sequoia partner; and Carl Manneh, co-founder Mojang.

The winners will be announced this fall during Impact Week in Stockholm.

The Norrsken Foundation runs Norrsken House in Sweden, a hub for impact entrepreneurs, and has incubated Norrsken VC, a $130 million impact VC. It also manages Norrsken 22, a $200 million growth fund for African startups.

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